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July10, 2017

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www.joc.com THE JOURNAL OF COMMERCE 59 JOC By the Numbers ADVERTISERS American Independent Line, www.aishipping.com .................................................. 21 CenterPoint, www.centerpoint.com ............................ 27 Cold Box, www.thecoldbox.com ................................. 37 Cool Logistics Global, www.coollogisticsglobal.com .....................................43 Cosco Shipping, www.cosco-usa.com .......................... 9 CSCMP EDGE, www.cscmpconference.org .................. 31 IANA Intermodal Expo 2017, www.intermodalexpo.com ..........................................53 Kansas City Southern, www.kcsouthern.com ..............29 Mallory Alexander, www.mallorygoup.com ...............47 Mediterranean Shipping Co., www.msc.com ...............5 MOL, www.countonmol.com ..................................... 64 Northwest Seaport Alliance, www.nwseaportalliance.com/easy .............................. 19 Port Canaveral, www.portcanaveral.com ....................49 Port Everglades, www.porteverglades.net ..............41, 63 Port Houston, www.porthouston.com ..........................2 Port of Long Beach, www.polb.com ...........................25 Port of Prince Rupert, www.rupertport.com ................23 Port Tampa Bay, www.porttb.com ..............................45 Seaboard Marine, www.seaboardmarine.com ...........39 TOTE Maritime, www.totemaritime.com .....................55 Yang Ming, www.yangming.com ................................35 ■ IPI 70 80 90 100 110 6/23/2017 6/10/2016 Source: Economic Cycle Research Institute, www.businesscycle.com JOC–ECRI INDUSTRIAL PRICE INDEX* n The JOC-ECRI Industrial Price Index was developed by the Economic Cycle Research Institute and is a leading indicator of inflation based on a broad assortment of raw materials used in industrial production. HITS FRESH YEAR-TO-DATE LOW: The JOC-ECRI Industrial Price Index for the week ending June 23, 2017, set a new year-to-date low of 101.24, which is down 0.16 from the prior week. This level is 7.6212 points below the calendar 2017 high of 108.8612. ■ Rate per 40-foot box $0 $500 $1,000 $1,500 $2,000 $2,500 -100% -50% 0% 50% 100% 150% Year-over-year Week-over-week 6/26/17 6/27/16 PERCENT CHANGE: ● Year-over-year ● Week-to-week 8/6/12 $2,880 4/25/16 $623 High: Low: DREWRY CONTAINER RATE BENCHMARK n The Hong Kong-Los Angeles benchmark is based on Drewry Shipping Consultants' research and derived from NVOCCs. The rate is in dollars and based on a full 40-foot containerload, excluding terminal-handling charges in Hong Kong. INDEX SINKS TO NEW LOW: The June 26, 2017, average spot market rate from Hong Kong to Los Angeles was flat from the prior week at $1,071, when the rate hit a fresh year-to-date low. This June 26 level is down $672 or 38.5 percent year-over-year. The June 26, 2017, average spot rate was $1,290 or 54.6 percent below the calendar 2017 high of $2,361 per FEU of Jan. 2, while $1,809 or 62.8 percent below the Drewry benchmark record high of $2,880 per FEU of Aug. 6, 2012. Source: Drewry's Container Freight Rate Insight, www.drewry.co.uk Mexico Peru Chile 14% 46% 40% Chile topped Mexico as China's biggest supplier of avocados in 2016. Peru has emerged as China's third supplier of the fruit, demand for which has grown exponentially over the last several years, from 200,000 kilograms in 2012 to more than 25 million kilograms in 2016. Demand is likely to continue rising as higher Chinese wages allow consumers to purchase more imports of fresh foods. TOP SUPPLIERS OF AVOCADOS TO CHINA, 2016 Source: IHS Global Trade Atlas; JOC Insights/IHS Markit

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